These days, trading has become quite popular among young or old people. With many trading apps available in the market, trading has become easy and beneficial. But what are the best apps to use, and which should beginners start from?
Most people trade to make more money in a shorter period and for investment in the future. However, what people do not know notice that trading always has a risk. Now to help you out identify the risks, here are some trading apps that users can use.
Great Trading App for Beginners in 2022
1. Fidelity Investments
The first app on the list that users can use is Fidelity Investments. This app is great for beginners because it has an educational resource that will show you how to trade from the very start and what it means.
The information in the app is also delivered by video, infographics to podcasts, which makes it easy for beginners to understand. Last, they have an innovative Youth Account that is made for teenagers.
However, this app is not recommended for professional or active traders because it may fall short. So, if you are an active user it is better to find a better app.
2. Ameritrade
One of the best trading apps for 2022 is Ameritrade. In this app, users can find futures and forex trading which has become quite popular these days.
For those who are new to trading, don’t worry because Ameritrade has many features where users can learn how to trade. Some of the features they provide are charting with technical studies to videos that will explain the stocks.
The only con about Ameritrade is the high fee per trade. The app will charge $6.95 per penny stock to the users. And last, they have no access to the international stock markets.
3. E*TRADE
If you’re not brave to start straight into the market, then try E*TRADE. The app offers practice trading, where people can practice how to trade. E*TRADE will help by suggesting what to do, so make sure to take some notes.
To make it easier for beginners, the app also provides a great selection of trading tools for users to use. Therefore, users can choose the best one!
However, compared to other peers, E*TRADE has limited educational materials. So, if you tend to practice with this app but make sure to read other sources too, to get more knowledge.
4. Webull
An app that provides a unique community for its users to discuss is Webull. With this app, users can discuss with other users the stocks in the market to the risks that they will face.
Overall, Webull is great for young investors because it is easy to use and offers many kinds of trading. Even though it is for beginners, this app also offers cryptocurrency trading.
Unfortunately, this app is not available for any phone system. Therefore, if you want to use it you have to download it on your PC.
Overall, these trading apps are great for beginners. However, before making an account make sure to read the term and conditions of each app, so you know the risks and benefits of each app!